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Multiplier
Multiplier is a comprehensive solution for global employment that operates in 150+ countries.
It facilitates hiring, onboarding, payroll, benefits, and time management of EOR and contractors.
Partnering with Multiplier, you’re able to hire full-time employees at $400/employee and $40/freelancer.
While considering Multiplier, you might ask, is it free from limitations?
Will it be able to cater to the specific needs of my organization?
In this Multiplier review, I will answer these questions while discussing its major features and functionalities.
What Is Multiplier?
Multiplier is a global employment platform that helps you hire and manage international teams.
It was founded in 2020 and has a team of 500 employees spanning 30 countries.
How Does Multiplier Work?
Multiplier streamlines every stage of international hiring by handling onboarding, payroll setup, and legal compliance.
For onboarding, it collects necessary employee information and generates locally compliant employment contracts.
Its seamless integration with popular HR and payroll software automates workflows and reduces chances of errors.
3 Multiplier Product Offering
Multiplier is a global employment platform that offers three primary products.
It quickly performs employee onboarding by creating locally compliant contracts in 5 minutes.
It saves you between 70-90% of the cost of hiring a traditional EOR.
Multipliers connection of local benefits partners ensures your employees get the best health and dental care they deserve.
Multiplier also generates insightful reports on headcount, time-off utilization, expenses, and timesheets.
Its preview feature makes the payroll process transparent and offers complete, real-time visibility.
Paying multiple invoices at once and quick expense reimbursement to the independent contractors are also available on this platform.
Its mobility specialists handle the immigration process of your employees and make it speedy.
It even keeps you updated on the visa status and upcoming steps of the process.
6 Multiplier Features
Multiplier provides a comprehensive suite of tools for global employment.
Lets check out the top Multiplier features that are designed to empower businesses to expand globally with ease.
Global EOR Services
Multipliers EOR service lets you hire employees from150+ countries.
Multiplier EOR is fully compliant with local labor laws, thanks to its team of experts.
you’ve got the option to access its 24/7 human-first support by dedicated managers.
Its transparent pricing saves you from any hidden charges or fees.
SOCRadarused Multiplier for global expansion without any legal or administrative complexities.
With precise calculation, it offers99.95% accuracyin payroll processing.
The payroll system is efficient and easy to use as it automates the process into a single workflow.
It also saves you from the stress of managing local payroll and time-consuming admin work.
Multiplier empowers you by managing payroll in 100+ countries with payment options available in 120+ currencies and cryptocurrencies.
With the wide range of options, you could attract top talents and manage them seamlessly.
As a delivery management company,FarEyehad employees in 5 different countries.
Multiplier resolved these issues with timely and accurate payouts to overseas employees.
It also automated compliance by managing local regulations and statutory contributions.
It saves you from employee misclassification risks.
It also pays the right taxes, social contributions, and other government fees to ensure compliant payroll.
With its compliant business practices, Multiplier saves you from the risks and penalties involved in non-compliant hiring.
As you establish your company as a compliant employer, your reputation as a reliable organization strengthens.
Multiplier helped Axero to cross the hurdles by becoming the EOR and hiring employees on behalf of Axero.
Besides reducing cross-border employment-related compliance risks, Multiplier has saved $1 million annually.
Employee Onboarding Tools
Multiplier has efficient tools that help you onboard remote and international employees.
Organizations can get started with its user-friendly interface without any learning curve.
It only takes a few minutes to generate regionally compliant contracts for employees living in any country.
These save you days of time and labor, freeing up your admin team for more strategic tasks.
Fintech companyAspirewas planning to increase their team size.
However, the high cost of hiring tech professionals made things difficult for them.
Multiplier assisted them onboard 80 employees from India with a smooth process.
It supports popular HR software such as HiBob, TriNet, BambooHR, TriNet, and Personio.
While it supports limited integration, more applications will be added to the list soon.
It lets you manage and approve time off requests of the employees to stay compliant with local regulations.
Its timesheet feature enables you to send them accurate invoices and pay them on time.
you’re free to generate various reports on headcounts and timesheets using filters, as seen below.
you could even use this platform to grant Employee Stock Option Plans to your employees.
4 Multiplier Use Cases
Multipliers adaptable platform caters to a wide spectrum of business needs.
The following use cases highlight its core capabilities.
Expanding to New Markets
Multiplier facilitates cost-effective and hassle-free global expansion with its Employer of Record service.
Multiplier saves you from these difficulties and enables you to quickly and compliantly hire talent in new markets.
Multiplier makes things easy with its centralized solution that lets you carry out various tasks from one place.
It only takes a few minutes to create regionally compliant contracts for risk-free onboarding of a global team.
you could manage your teams payroll in 120+ currencies with global benefits, time-offs, expenses, and taxes.
Multiplier lets you handle employee operations with its self-service platform.
Handling employee expenses through approval is another robust capability of this platform.
Freelancer and Contractor Hiring
Multiplier simplifies the administrative and legal complexities of hiring contractors and freelancers across the borders.
Multipliers hiring assessment tools guide you in choosing whether to hire someone as an employee or a contractor.
It lets you get rid of lengthy admin work and generate contracts instantly.
Ensuring Legal Compliance
Multiplier helps you navigate the complex and ever-changing landscape of international labor laws.
Multiplier makes sure you comply with all the related national and international regulations while having an international team.
It also manages tax withholdings, social security contributions, and other statutory obligations.
It has a team of local legal experts who help you whenever needed without any third-party delays.
It does not have any additional or hidden charges for onboarding and offboarding.
You also get a detailed invoice with a breakdown of country-specific employee costs.
Note: Multipliers EOR management fee does not include any onboarding, setup, or hidden charges.
Multiplier Support
Multiplier customers get24/7 customer servicevia email and live chat from the software interface and website.
It also boasts a comprehensiveknowledge basethat helps you with how-to guides and FAQs.
Companies are assigned with adedicated customer managerwho is here to help them during any technical difficulty.
As a global employment platform, Multiplier primarily serves companies involved in international workforce management.
Who Shouldnt Use Multiplier?
Multiplierreceives theGeekflare Innovation Awardfor its satisfactory products for EOR service.
